Welcome to our dedicated page for California Wtr Svc Group news (Ticker: CWT), a resource for investors and traders seeking the latest updates and insights on California Wtr Svc Group stock.
California Water Service Group (CWT) delivers essential water services across multiple U.S. states through regulated utilities and specialized subsidiaries. This page provides investors and stakeholders with authoritative updates on operational milestones, financial performance, and strategic initiatives shaping the company's role in the water utility sector.
Access timely press releases covering earnings reports, infrastructure investments, and regulatory compliance developments. Our curated collection ensures you stay informed about CWT updates including acquisitions like Kings Mountain, PFAS mitigation efforts, and rate case resolutions critical to understanding the company's financial trajectory.
Discover analysis of CWT's operational strategies across California, Texas, and other key markets. Content emphasizes infrastructure modernization projects, customer growth trends, and environmental stewardship initiatives while maintaining strict compliance with financial disclosure standards.
Bookmark this page for continuous access to CWT's latest news. Monitor how regulatory frameworks and capital expenditure programs impact long-term service reliability and shareholder value in the water utility industry.
California Water Service Group (NYSE:CWT) has promoted Kenneth G. Jenkins to the position of Vice President, Water Resources Planning and Sustainability, effective January 1, 2025. Jenkins, who joined the company in 2005, has demonstrated significant expertise in water supply resilience and climate change adaptation.
Throughout his career at CWT, Jenkins has held various key positions, including Government & Community Relations Manager, leading the Conservation Department and Drought Response Task Force (2008-2020), and serving as Director of Water Resource Sustainability and Conservation. In 2022, he was appointed Chief Water Resource Sustainability Officer.
Chairman and CEO Martin A. Kropelnicki praised Jenkins' contributions to improving the company's water supply master planning and efforts in conservation, resilience, and sustainability. Jenkins, who holds BA degrees in Economics & Management and Political Science from Beloit College, serves on the California Water Efficiency Partnership board and is recognized as an industry expert.
California Water Service (Cal Water) has announced over $175,000 in grants to seven California fire departments through its sixth annual Firefighter Grant Program. The grants will support various initiatives including refurbishing training facilities, purchasing protective equipment, and acquiring life-saving tools.
Recipients include Dixon Fire Department for ballistics gear, Marysville Fire Department for training tower repairs, Northshore Fire Protection District for protective equipment, Redondo Beach Fire Department for mental wellness resources, Selma Fire Department for tactical equipment, Sunnyvale Fire Department for wildland firefighting gear, and Willows Fire Department for cardiac monitoring equipment. The program, which started in 2019, has nearly tripled its funding and is financed through Cal Water's philanthropic program without impacting customer rates.
Hawaii Water Service, a subsidiary of California Water Service Group (NYSE: CWT), has completed the acquisition of Kukui'ula South Shore Community Services' (KSSCS) wastewater system assets in southeast Kauai. The collection-only wastewater utility currently serves approximately 440 residential, commercial, and resort customers, with potential expansion to serve up to 1,500 connections upon completion of a planned resort buildout.
The system connects to the Poipu Water Reclamation Facility, which Hawaii Water acquired through HOH Utilities in late 2023. The purchase, approved by the Hawaii Public Utilities Commission in September 2024, expands Hawaii Water's presence on The Garden Isle, where it already serves customers in Poipu and Koloa, among other locations across Hawaii.
California Water Service Group (NYSE: CWT) has been named one of America's Most Responsible Companies by Newsweek for 2025, marking its fourth consecutive year receiving this recognition. The company ranked among the top 600 out of 2,000 largest public companies by revenue, and was one of only three investor-owned water utilities in the Energy & Utilities category.
The selection process involved evaluation of 30 key performance indicators (KPIs) focused on environmental, social, and governance (ESG) areas, along with independent survey results measuring public perception of corporate social responsibility activities. The recognition reflects the utility's ongoing commitment to sustainability and corporate citizenship.
Group Chairman & CEO Martin A. Kropelnicki emphasized the company's dedication to doing the right thing for customers, communities, employees, stockholders, and the environment.
California Water Service Group (NYSE: CWT) reported strong Q3 2024 financial results with diluted earnings per share of $1.03, up from $0.60 in Q3 2023. Net income reached $60.7 million, compared to $34.4 million in Q3 2023. Operating revenue increased to $299.6 million from $255.0 million year-over-year. The company invested a record $332.2 million in infrastructure during the first nine months of 2024. Cal Water maintained its authorized return on equity of 10.27% for 2025 and received approval for regulatory mechanisms expected to recover $94.2 million over three years. The company declared its 319th consecutive quarterly dividend of $0.28 per share.
California Water Service Group (NYSE: CWT) has declared its 319th consecutive quarterly dividend of $0.28 per common share. The dividend will be paid on November 22, 2024, to stockholders of record as of November 12, 2024. The company, through its regulated utilities in California, Hawaii, New Mexico, Washington, and Texas, provides water and wastewater services to more than 2.1 million people.
The NAACP Butte County Chapter has honored California Water Service (Cal Water) with the 2024 Excellence in Community Grants & Scholarships Award. This recognition highlights Cal Water's commitment to improving local communities, particularly in Chico and Oroville, where it provides water utility service. Cal Water has sponsored NAACP events to raise funds for student scholarships for the past three years and offers its own College Scholarship Program and Firefighter Grant Program.
Over the past five years, Cal Water has contributed more than $500,000 in Butte County through these initiatives. The company's Chairman and CEO, Marty Kropelnicki, emphasized their dedication to enhancing the quality of life in served communities beyond providing safe drinking water. Janet Goodson, NAACP Butte County Chapter President, praised Cal Water's support as instrumental in achieving their mission of social justice and educational equity.
California Water Service Group (NYSE: CWT) has announced the schedule for its 2024 third quarter earnings results. The results will be released on Thursday, October 31, 2024, at 9:00 a.m. ET, followed by an earnings conference call at 11:00 a.m. ET. Stockholders and interested investors can attend the call by dialing 1-800-715-9871 or 1-646-307-1963 with ID# 2796844, or via live audio webcast.
A replay of the call will be available from 2:00 p.m. ET on October 31, 2024, through December 30, 2024. The call will be hosted by Chairman, President and CEO Martin A. Kropelnicki, Senior VP and CFO James P. Lynch, and VP of Rates and Regulatory Affairs Greg A. Milleman. Cal Water will provide a slide presentation on its website prior to the call.
California Water Service (Cal Water) has been awarded the WaterSense® Excellence in Promoting WaterSense Labeled Products Award by the U.S. Environmental Protection Agency (EPA) for the second consecutive year. This national recognition highlights Cal Water's commitment to promoting water efficiency among its customers.
Key achievements in 2023 include:
- Installation of over 1,660 WaterSense-labeled, weather-based irrigation controllers
- Installation of 8,000 WaterSense-labeled spray sprinkler bodies
- Distribution of conservation kits to sixth-grade students
- An estimated water savings of 395.1 million gallons over the lifetime of installed devices
Cal Water's efforts align with EPA's focus on promoting water-use efficiency, particularly important in the face of climate change and increasingly frequent dry periods. The utility remains committed to responsible stewardship of water resources through efficiency, conservation, and sustainability initiatives.
California Water Service (Cal Water) has launched its 11th annual water conservation education program, Tap Into Learning, for K-12 students in partnership with DoGoodery. The program offers various opportunities for students and classrooms in Cal Water service areas to engage in water conservation and sustainability activities throughout the 2024-25 academic year. Key components include:
- Aqua Adventures: Free water-and nature-based field trips for grades 4-6
- A Splash of Creativity: Art competition focused on water care
- Water Smart Grants: $100 grants for classroom water projects
- H2Oath: Water conservation pledges for students and classrooms
The program aims to inspire students to become ambassadors for water resource sustainability and conservation.
FAQ
What is the current stock price of California Wtr Svc Group (CWT)?
What is the market cap of California Wtr Svc Group (CWT)?
